Spotify Tells Kalshi & Polymarket to Drop the Logo, It Never Signed Up for This Remix 🎵
Music streaming platform Spotify has formally asked prediction market operators Kalshi and Polymarket to remove its logo and clarify that no partnership exists between Spotify and either company, according to a Bloomberg report. The request follows Spotify's discovery that manipulated streams were used to influence a Kalshi market, prompting the streamer to distance itself from both platforms.
Spotify identified and removed more than 500,000 artificial streams that had pushed artist Malcolm Todd's track "Earrings" to the top of its U.S. charts. A Kalshi market tied to the most-streamed Spotify song in the United States for the prior month reportedly settled based on those inflated numbers. The incident has intensified scrutiny of prediction markets, where concerns over manipulation and insider trading have continued to mount.
The logo removal request adds Spotify to a growing list of companies pushing back against prediction market platforms amid regulatory and reputational pressure. As previously reported, Polymarket is facing a broad CFTC probe over allegations that the platform paid online creators to place bets, raising questions about the integrity of event-based wagering.
Neither Kalshi nor Polymarket has publicly commented on Spotify's request at the time of writing. The episode highlights the operational and legal risks facing prediction markets as they expand into cultural and entertainment verticals that sit outside their traditional event-contract scope. Spotify's move signals that mainstream consumer brands are increasingly willing to act when their brands and data are entangled in unsettled prediction market outcomes.
Share Article
Quick Info
Disclaimer: This content is for information and entertainment purposes only. It does not constitute financial, investment, legal, or tax advice. Always do your own research and consult with qualified professionals before making any financial decisions.
See our Terms of Service, Privacy Policy, and Editorial Policy.